495 Bergen Street

Newark, NJ 07108

$552,000
Last Sold Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

You now have an unbelievable chance to become the owner of this three-unit multi-family property. Spacious bedrooms, large living rooms and a huge partially finished basement with a full bathroom are just a few of the highlights. There is potential for up to $74,000 in yearly rental income after renovations. That is not even considering the HUGE basement with tons of potential for storage. Situated in a prime location, it is minutes from major highways like Garden State Parkway, I-78, Route 22 &...You now have an unbelievable chance to become the owner of this three-unit multi-family property. Spacious bedrooms, large living rooms and a huge partially finished basement with a full bathroom are just a few of the highlights. There is potential for up to $74,000 in yearly rental income after renovations. That is not even considering the HUGE basement with tons of potential for storage. Situated in a prime location, it is minutes from major highways like Garden State Parkway, I-78, Route 22 & I-280. This property is located 10 minutes from Newark Penn Station and Beth Israel Hospital. While also being within 30 minutes from NYC! This property is ideal for both first time homebuyers looking to have tenants pay their mortgage and seasoned investors looking for a great return on investment. Sold strictly AS-IS. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.
  1. Listed by Alnazir Blackman • Signature Realty NJ LLC • (973) 921-1111

Property Details for 495 Bergen Street

Style
3 Family
Sub style
Top/Btm
Waterfront
None
Garage
None

Location

Listing Courtesy of Signature Realty NJ LLC, Alnazir Blackman

Sold By Realty One Group Legend, Clifton, Dallas Lamb

Add your commute
LISTING UPDATED: 04/25/2024 04:35 PM

Property Details for 495 Bergen Street

StatusSold
MLS #24005082
Days on Market27
Taxes$6,769 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3 Family
Year Built-
Lot Size0.06 AC / 2,500 SF
CountyEssex County

Location

Listing Courtesy of Signature Realty NJ LLC, Alnazir Blackman

Sold By Realty One Group Legend, Clifton, Dallas Lamb

Add your commute

Building Information for 495 Bergen Street

Stories-Residences-Year Built-Building Size-Lot Size0.06 AC / 2,500 SF

Payment Calculator

$3,577 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,012

Property Taxes

$564

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 495 Bergen Street

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Flood plain: None
  • Street Name: Bergen
  • County Name: ESSEX
  • Status: SOLD
  • Street Number Numeric: 495
  • Zip Code: 07108
Taxes and HOA Information
  • Tax: $6,769
Owner
  • Ownership: Private
Property
Lot Information
  • Lot size: 2500.0
  • Lot: 00028
  • Year Built: 1950's
  • Views exposure: None
  • Lot Description: Irregular
  • Miscellaneous: None
  • Block: 02611
Property and Assessments
  • Photo: Y
  • Photo Number: 21
Utilities
  • Sewer: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Heatcool: Gas
  • Cooling Type: Gas
Interior and Exterior Features
Interior Features
  • Bedrooms: 8
  • Baths full: 4
  • Baths partial: 0
  • Basement: Partial
  • Number of rooms: 25
  • Laundry: Basement
  • Lifestyle: None
  • Full Baths Total: 4
  • Num of Baths: 4.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Search Class: 2to4
  • List Price: $420,000.00
  • Listing Date: 02-19-2024
  • Pending Date: 03-22-2024
  • Close Date: 04-18-2024
  • Status Date: 04-18-2024
  • Sale Price: $552,000
Showing Information
  • Internet Remarks: You now have an unbelievable chance to become the owner of this three-unit multi-family property. Spacious bedrooms, large living rooms and a huge partially finished basement with a full bathroom are just a few of the highlights. There is potential for up to $74,000 in yearly rental income after renovations. That is not even considering the HUGE basement with tons of potential for storage. Situated in a prime location, it is minutes from major highways like Garden State Parkway, I-78, Route 22 & I-280. This property is located 10 minutes from Newark Penn Station and Beth Israel Hospital. While also being within 30 minutes from NYC! This property is ideal for both first time homebuyers looking to have tenants pay their mortgage and seasoned investors looking for a great return on investment. Sold strictly AS-IS. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.

Property History for 495 Bergen Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 495 Bergen Street

Taxable ValueLand$22,400Additions$158,800Total$181,200
Tax Record2022$6,770 ($564 / month)
Home Facts
Beds0Total Finished SqFt2,781 SqFtAbove Grade Finished SqFt2,781 SqFtStories3Lot Size2,500 SqFtStyleSingle Family ResidenceYear Built1952CountyESSEXAPN14 02611-0000-00028

Schools near 495 Bergen Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - K to 8
Rating
School
Distance
Louise A. Spencer Elementary School
PublicPK to 8

Newark Innovation Academy
Public9 to 12

Belmont-Runyon Elementary School
PublicPK to 8

South Seventeenth Street Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Signature Realty NJ LLC, Alnazir Blackman

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/06/2024 12:19 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.